DoorDash, Inc. (NASDAQ:DASH) Stock Holdings Lifted by Nebula Research & Development LLC

Nebula Research & Development LLC increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 811.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,374 shares of the company's stock after purchasing an additional 19,918 shares during the quarter. DoorDash accounts for approximately 0.4% of Nebula Research & Development LLC's holdings, making the stock its 16th biggest position. Nebula Research & Development LLC's holdings in DoorDash were worth $3,753,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash during the fourth quarter worth $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash during the fourth quarter worth $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash during the fourth quarter worth $34,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the fourth quarter worth $36,000. Finally, IFP Advisors Inc lifted its holdings in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Price Performance

DASH traded up $0.12 during trading hours on Monday, reaching $187.88. 3,083,604 shares of the stock traded hands, compared to its average volume of 4,233,993. The firm's fifty day simple moving average is $186.09 and its two-hundred day simple moving average is $178.22. The company has a market cap of $78.93 billion, a price-to-earnings ratio of 695.85 and a beta of 1.69. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

Insider Activity at DoorDash

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the transaction, the insider now directly owns 105,162 shares of the company's stock, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the transaction, the general counsel now directly owns 122,135 shares of the company's stock, valued at approximately $24,848,365.75. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 157,086 shares of company stock valued at $30,127,884. Corporate insiders own 7.92% of the company's stock.

Analyst Upgrades and Downgrades

DASH has been the subject of several research analyst reports. Wolfe Research increased their price objective on DoorDash from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. UBS Group increased their price objective on DoorDash from $200.00 to $204.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Morgan Stanley cut their price objective on DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group raised their price target on DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, Wedbush raised their price target on DoorDash from $160.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and a consensus target price of $209.66.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.